Miko NV (XBRU:MIKO) Total Inventories : €42.8 Mil (As of Jun. 2023)

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What is Miko NV Total Inventories?

Miko NV's total inventories for the quarter that ended in Jun. 2023 was €42.8 Mil. Miko NV's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was €41.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Miko NV's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-64.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Miko NV's Days Inventory for the six months ended in Jun. 2023 was 102.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Miko NV's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.78.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Miko NV's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.30.

Miko NV Total Inventories Historical Data

The historical data trend for Miko NV's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Miko NV Total Inventories Chart

Miko NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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38.25

35.71

33.40

33.49

40.38

Miko NV Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial															17.61	33.49	42.11	40.38	42.81

Miko NV Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Miko NV (XBRU:MIKO) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Miko NV's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(20.035	+	0.75 * 43.873	+	0.5 * 42.805	-	151.86
-	0	-	2.313)	/	1.242
=	-64.28

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Miko NV's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	41.593	/	73.992	*	365 / 2
	=	102.59

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Miko NV's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	73.992	/	41.593
	=	1.78

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Miko NV's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	41.593	/	137.727
	=	0.30

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Miko NV Total Inventories Related Terms

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Miko NV (XBRU:MIKO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Miko NV (XBRU:MIKO) » Definitions » Total Inventories

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Address

Steenweg op Mol 177, Turnhout, BEL, B-2300

Website

https://www.mikocoffee.com

Miko NV is involved in the business of producing and distributing coffee and plastic packaging. The company also manages its subsidiaries in European countries and Australia as well as sells its coffee concepts via independent distributors in countries across Europe and beyond. The various national subsidiaries within the coffee division all focus on the market segments of office coffee, the hospitality sector and health care. It mainly operates in Belgium, England, Germany, New Zealand, France and others.

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